commit ef62f095a816073f0328aebd08ab711ac998870d Author: deannabourke71 Date: Thu Jan 2 01:44:05 2025 +0000 Add Sport Betting Industry Aims To Protect Itself diff --git a/Sport-Betting-Industry-Aims-To-Protect-Itself.md b/Sport-Betting-Industry-Aims-To-Protect-Itself.md new file mode 100644 index 0000000..b3624f2 --- /dev/null +++ b/Sport-Betting-Industry-Aims-To-Protect-Itself.md @@ -0,0 +1,68 @@ +
Sport wagering market looks to secure itself
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16 September 2010
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By Bill Wilson
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Business reporter, BBC News
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[sports betting](https://embargo.energy/index.php/User:IsobelCarrol21) on sport is huge organization.
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Sport England approximates the worth of costs on sport-related [sports betting](https://doum.cn/read-blog/2184_things-you-need-to-learn-about-rafting-adventures.html) in England grew from ₤ 1.7 bn in 1985 to ₤ 2.8 bn in 2008.
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Which figure is likely to have actually grown further, with an approximated ₤ 1bn bet on the World Cup alone in the UK this [summer season](https://twoplustwoequal.com/read-blog/58995_just-how-much-are-americans-investing-in-sports-betting.html).
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Meanwhile, German research study firm Sport & Markt estimates the total international gaming market will deserve 263bn euros (₤ 220bn) by 2012, with much of that driven by web and [sports betting](http://www.seferpanim.com/read-blog/384_enhance-your-business-opportunities-with-efficient-sports-apps.html).
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But when the integrity of events are struck the [sports betting](http://www.vokipedia.de/index.php?title=Benutzer:AugustVandorn2) industry suffers, and revenues are put under danger if consumers can not wager with confidence.
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And there can have been few higher-profile sport wagering stories than those affecting cricket and snooker this year.
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High-profile
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As Sport & Markt's Gareth Moore observes: "Everyone discuss the [sports betting](https://peoplesmedia.co/read-blog/13112_for-sports-gambling-to-be-legalised.html) market now.
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"Not only is it a considerable market in world service, it is one that is now on the front pages of newspapers."
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Four Pakistan cricketers have been questioned by police over spot-fixing claims relating to a test versus England at Lord's last month.
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Three of these gamers have said they will likewise challenge the corruption charges installed versus the trio by the sport governing body the International Cricket Council.
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Meanwhile, three-times snooker world champ John Higgins was cleared of match-fixing allegations, but was prohibited last week for six months for failing to report the illegal technique to him to throw frames.
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There are likewise two other continuing investigations - unrelated to Mr Higgins - into snooker.
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'Honest'
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David O'Reilly is legal counsel for Betfair, one of the UK's most significant online sporting exchanges.
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"If the sport is viewed as sincere, straight and fair that is excellent for wagering companies because people will invest cash [sports betting](https://www.womplaz.com/read-blog/88_the-ins-and-outs-of-betting-on-the-nfl-draft.html) with confidence," he says.
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"If you take the Pakistan allegations, although unrelated to the UK regulated wagering market ... it is not really a favorable story for wagering in the UK.
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"That is due to the fact that the perception is that 'cricket is now something we may need to beware about'."
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'Education'
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So what can be done to avoid future scandals?
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According to experts at a World [sports betting](https://wooshbit.com/read-blog/18735_compare-amp-review-oddsjet-de.html) Law Report conference into [sports betting](https://octomo.co.uk/read-blog/6530_sweepstakes-casino-controversy-and-celebrities-039-all-important-role.html) gambling, the focus needs to be on sportspersons and sportswomen.
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As Simon Taylor of the Professional Players' Federation explains: "The only individuals who can repair a match are the rivals or the referee."
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His organisation represents males and females in 15 [sports betting](https://social.engagepure.com/read-blog/794_how-to-play-bet9ja-online.html) in the UK, being an umbrella organisation for all gamer organisations, such as the Professional Footballers' Association.
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He thinks that it is insufficient to merely have deterrents, sanctions and disciplinary treatments, but that the way to tackle potential concerns around gamers is likewise through education.
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Mr Taylor says guidelines require to be discussed plainly to gamers with clear examples, and by individuals they appreciate.
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"Through educating players about [sports betting](https://genzkenya.co.ke/read-blog/101_for-sports-gambling-to-be-legalised.html) wagering you enhance stability and that remains in everyone's interest," he adds.
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"If gamers are harder to corrupt then sport will be harder to corrupt."
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'Brand damage'
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Matt Johnson, head of regulative legal guidance at the Football Association, agrees.
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"Prevention is much better than cure, and we likewise make a point of telling players 'you are going to be captured'."
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"It is crucial that sport is directly, and is seen to be straight," he adds.
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"If it loses that then individuals don't wish to bet, that is not in gaming firms' interests, and it is not in our interests."
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He said that as soon as an excellent track record was lost, the damage to a sport was "incalculable".
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FA rules mean gamers are not allowed to wager on a competitors in which they are included.
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Mr Johnson says gamers need to be seen not to be cashing in on any inside understanding, which he states might cause "brand name damage" to football and its competitions.
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So, even a Second Division gamer knocked out of the FA Cup in the autumn can not bank on a Manchester United v Chelsea cup final the following spring.
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"We need to overcome to players the reputational danger to the game," he says. "Once self-confidence has been damaged it is difficult to get it back - mud sticks."
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'Overwhelmingly legal'
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If this represents the "carrot" technique, then maybe Nick Tofiluk, director of guideline at the Gambling Commission, represents the "stick".
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The Gambling Commission was set up under the Gambling Act 2005 to manage commercial in Great Britain.
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An ex-chief constable of West Midlands police, Mr Tofiluk has responsibility for policing all wagering in the UK apart from spread wagering, which is the remit of the FSA.
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"The overwhelming majority of [sports betting](https://social.updum.com/read-blog/30_the-ins-and-outs-of-betting-on-the-nfl-draft.html) wagering occurring through UK operators is legal and reasonable," he says.
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"But for some there is the temptation to ... corruptly disrupt the result of a sporting event.
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"Such unfaithful has the potential to undermine the stability of a sport, and it likewise hurts the commercial interests of [sports betting](https://issosyal.com/read-blog/10004_how-to-play-bet9ja-online.html) bodies and [sports betting](https://mensaceuta.com/read-blog/9176_warner-bros-discovery-sets-stage-for-potential-cable-deal-by.html) wagering."
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The commission has developed an internal [Sports Betting](https://theavtar.in/read-blog/30185_sports-minister-tracey-crouch-resigns-over-039-hold-up-039-to-betting-crackdown.html) Intelligence Unit to get and distribute information to sporting authorities, wagering firms and policing authorities.
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"Since 2007 we have actually experienced a significant insight into world of corrupt [sports betting](https://dev.fleeped.com/read-blog/55_best-u-s-sports-betting-sites-amp-sportsbooks-for-2024.html)," he says.
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"We will alert [sports betting](https://www.characterlist.com/read-blog/829_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) of our concerns, to assist avoid or cut [illegal] activity"
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In May 2010, the commission also introduced a personal telephone hotline for those with information or suspicions.
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'Vulnerabilities'
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But in a two-and-a-half year period there has actually been just one prosecution, a 24-year-old male who was cautioned for cheating in relation to greyhound racing.
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However, Mr Tofiluk says there are still 8 ongoing examinations, which much beneficial details has actually also been passed to [sports betting](https://catvcommunity.com.tr/read-blog/4788_for-sports-gambling-to-be-legalised.html) authorities.
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He said that where an investigation by a sport governing body was quicker, and more cost effective, then the commission would think about ceasing a criminal examination "in favour of letting [sports betting](https://bence.net/read-blog/6408_online-betting-firms-gamble-on-soccer-mad-nigeria.html) governing bodies take the lead".
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Meanwhile, he says much of those looking to cheat the [sports betting](https://www.grandtribunal.org/wiki/User:Adele99D9745) market were well-informed about [sports betting](https://doum.cn/read-blog/2184_things-you-need-to-learn-about-rafting-adventures.html) and sporting individuals, and about [sports betting](https://globalabout.com/read-blog/16954_uk-betting-firms-gamble-on-us-after-sports-wager-ruling.html) operations and the motion of money.
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"They look for the vulnerabilities of these to assist in their business."
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Related internet links
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World [sports betting](https://bikapsul.com/read-blog/1487_enhance-your-business-opportunities-with-efficient-sports-apps.html) Law Report
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ICC
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Professional Players Federation
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Professional Footballers' Association
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The FA
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Betfair
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Sport & Markt
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BLP
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Gambling Commission
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